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20121223
20121223
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English 62
Search Results 0 to 49 of about 62 (some duplicates have been removed)
ABC
Dec 23, 2012 8:00am PST
, a series of tax increases to pay for obama care that start january 2nd in this country. the president has taken those off the table. this is not part of the sequester or the fiscal cliff. this is a trillion dollar tax increase over the next decade that just hit. so there's a $20 billion to $30 billion over the next 10 years tax on medical devices that make stents, prosthetic devices -- >> all signed into law by the president. >> the law of the land, 90% of the tax increases to pay for obama care conveniently, interestingly took effect, begin to take effect after the president got himself safely re-elected. if you're a poor person and you get sick, and you have 7 1/2% of your adjustable gross income used up in medical costs, the president decided, the democrats in congress voted, to take that -- >> i get your point -- >> average americans who are very sick are paying $2 billion to $3 billion more in taxes to pay for obama care. these are tax increases on the middle class put there by obama. he wants you to talk about taxing the rich as he's busy socking it to the middle class. >> i'm sorry
FOX Business
Dec 23, 2012 2:00am EST
they are going to lay off you have the man date tax and companies pulling back on insurance because of obama care. that hits a doubley for the middle class and they have to buy their own insurance and pay if they don't get it >> bottom line with the hobby lobby it is a private company but if they care about their beliefs and totally disagree with what the health care law is forcing them to cover . that's why they may go out of business. if they have to pay the fines, it will hurt the bottom line terribly. >> david obama care was not designed to save money. it need said a huge tax increase to fund it it is it a path of socialized medicine and all of the destruction and that is why unions and companis and employees are trying to optout of it it was a lousy piece of. that is truven to be terrible. that's what obama cares about. rick's good friend to bey cross grove was saying in the wall street journal. probably what it will lead to is a singer payer rule of socialized medicine. >> absolutely. i don't doubt it >> rich? >> i don't doubthat for a minute. obama care is doing and paralyzing growth among
MSNBC
Dec 23, 2012 12:00pm PST
is saying president obama is all about raising taxes and not about cutting spending. do you think that is true? do you think the president has brought up troupe spending cuts? >> i think the president has been absolutely willing to compromise. remember how this started. the president came forward and said $250,000 and below we would keep the tax cuts in place. he then compromised and went up to $400,000. he also put something on the table that gave a lot of people angst and that was the change around social security. so i think the president has been more than willing to compromise and you also have to keep in mind that last year wedid over a trillion dollars in cuts. i think where the compromise has to be is that speaker boehner has got to get off the notion that all republicans have to vote the same way. if he was willing to bring forward 40 or 50 members of his caucus and go with the deal pass td out of the seniate believe you could get the majority of democrats to go forward, as well. we really have to end the notion that every republican has to be on the same page. it doesn't
PBS
Dec 23, 2012 3:30pm PST
obama's health care debate as a tax. some say it's a real leap his ipad. >> clarence? mark? >> the picture of obama and christie after the hurricane hit. that was the single best photo that changed the whole campaign. >> that was a killer for a while. >> scott van doozer. remember that name. he was a florida pizza shop owner who gave obama such a big hug that it took obama off the ground. >> i am going to elevate this conversation. the best photo op this year was the space shuttle discovery and the shuttle endeavor flying in their final flights on top of 747 airliners. remember that? >> oh, yeah. >> how uplifting that was. okay. enough already award pat. >> georgetown law student sandra fluke griping about the fact that she is not being given free birth control pills. >> what show was that on. >> rush mentioned that. but we don't want to get into that. >> i would dispute the characterization birth control pills are part of -- >> quickly. >> enough already, the billion spent on the attack ads. although i must admit they did their job. >> the tea party blaming romney's modera
FOX Business
Dec 23, 2012 9:00am EST
alth insurance. but the people are quickly turning in the favor factory that the tax code and. this is driving businesses over seas and no one is reing that 3.7 million words . same in obama care and no one read it through. energy and job hits and energy . even health care industry. medical device trea and restaurant industry. businesses are saying it is so unweldy and so many bad things popping out . we have to protect the bottom line and make sure we preserve the job cuts we can. >> whether they're for or nonprofit a lot of people can't afford to keep up with what it force them to do. >> and one consultant survey said 50 percent will pass it along to the employees. we can likely see higher cost in health care . that is not what it promised. you mentioned that the nuns will get an exception or exception. what is the difference between the nuns who serve a lot of noncatholic people and a lot of noncatholics who work for them . what is the difference between them and a business owner who is strongly catholic and serves noncatholics and didn't offer conacceptions . >> there is a
FOX News
Dec 23, 2012 7:00am PST
, because he's not happy with the obama pair down plan to extend the tax cuts below $250,000 and extend unemployment. he wants to split the difference between the last offers boehner and the president made before plan b. i think that's a tough road to hoe and what this will come down to is your going to be asking republicans to rejected raising taxes on people below $1 million to now accept -- i mean extended bush tax cuts below $1 million to extend only to 250,000. they would have to take a more dramatic step than the one they rejected. >> the word cliff is dramatic and some say it isn't a cliff, it's a slope. but it will, of course, cut spending and raise taxes. is there a feeling in that town that maybe that's what the government needs to do? >> yes. do they need to raise some revenue? yes. do they need to cut spending? absolutely. but the cliff is not the way. the congressional budget office says if you do this much of both of those things, this quickly will send the economy back into a recession and will raise unemployment back over 9%. so the problem is this is medicine and it's t
CNN
Dec 23, 2012 12:00pm PST
between the two sides centers around a balanced approach the budget. republicans say president obama wants too much revenue. that's taxes in normal speak and not enough cuts. >> at some point we're going to have to address the spending problem that we have. we can't cut our way to prosperity. we need economic growth. many believe the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on the tax rolls. how we get there, god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends, that you know, take the deal. you know, they will be able to claim that they have worked with me over the last two years. to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you c
FOX News
Dec 23, 2012 11:00am PST
the fact that president obama won the election and minimize the damage that will be done by the tax increase that is coming. >> chris: you would go for the stripped down obama plan? >> i would go for what the speaker tried to do late last week and try to get the number up from $250,000. yes, there is going to be a tax increase on the wealthy. i would try to protect investments as much as possible. do the amt patch. have a reasonable deal on estate taxes. i'm a squish on this. got to make the best of a bad situation. i think what will happen incidentally is republicans will be faced on monday, on december 31 with having to vote on a much worse proposal than the one they didn't give speaker boehner the majority for. >> chris: the plan b. >> harry reid will pass through the senate on thursday or friday a tax hike on everyone over $250,000 and republicans will have the joyc choice on m, letting it come to a vote. i think the speaker probably has to. b, will they lose 20 or 30 republicans to join the democrats to pass this or not. i think it is a worse outcome but that is what happens wh
FOX
Dec 23, 2012 9:00am EST
done by the tax increases that are coming. >> chris: you would vote for the stripped-down obama plan. >> i would go for what the speaker tried to do late last week and try to get the number up, and, yes, the tax increase on the wealthy, i would try to protect investments as much as possible and keep dividends at reasonable rates, and, do the amt patch and a reasble deal on state taxes, but i'm a squish on this, and totally, you have to make -- you have to make the best of a bad situation and i think what will happen, incidentally, is republicans will be faced by monday, on december 31st with having to vote on a much worse proposal, than the one they didn't give speaker boehner the majority for. >> chris: plan b. >> harry reid will pass through the senate on thursday or friday, the tax hike on everybody over $250,000 and republicans will have a choice on monday in the house of, letting it coming to a vote, the speaker probably has to and b, will they lose 20 or 30 republicans to join the democrats, and, toass it or not and i think it is the worst outcome, but, that is what happens, wh
FOX News
Dec 22, 2012 9:00pm PST
obama wants to let the taxes go up on the so called rich generating $80 billion in refs. revenue. 8 days of federal spending. less than 1% of the $16 trillion debt. >> do you know how much debt america is in right now 12346789. >> $14 billion or something like that. >> do you know what the national debt is right now? >> no idea. >> i'm going to say 30 something trillion. >> 16 trillion. you just doubled it. >> the fiscal cliff is definitely around the corner. and here to try to break it down so everyone understands it is fox news contributor steven crowder who joins us from dallas, texas. hello, steven. >> hello judge or as we say in french "judge jeanine." i don't know if that is french. >> judge jeanine: i don't know either. >> actually no, i am french canadian. >> judge jeanine: can you you tell us what this fiscal cliff is? >> well, listen, i don't know about the package you just ran. i did go out and interview people on the street for the fiscal cliff. i apparently had it wrong. i thought we had a spending problem in this country. apparently that is not the case. apparently we can j
CSPAN
Dec 23, 2012 2:00am EST
is talking about taxes getting too high and he is unable to afford those things. president obama is offering government assistance for a number of things like college tuition tax credits, health- care drug bills. this is the fundamental debate. is it better to have low benefits in society where an individual vents to make those decisions and will suffer by not -- individual gets to make those decisions for a society where the government is able to pay for more of those benefits and provide assistance for college at the expense of higher taxes. that is underlying the fiscal cliff and everything going on on capitol hill behind us. that is the philosophical question. i tax, high benefits or a low tax, low benefits. host: the president is on his way to high this weekend. i am assuming speaker boehner is going to high and majority leader reid is going to nevada. will there be any discussions between anybody over the next week or so? when do we expect these five banks -- these guys will come back to wrap this up? guest: they will come back and wrap up the supplemental bill hand and a couple of pie
MSNBC
Dec 23, 2012 4:00am PST
tonight, fiscal cliff hanger, president obama calls on congress to act after christmas on a scale-down deal that would spare the middle class from tax hikes on the first of the year. the president met with harry reid and spoke with john boehner. is a grand bargain still possible when everyone is leaving town? >> a week from the shooting massacre that left 20 children and six educators dead, we have heard plenty of people calling for new gun control laws but very little from the national rifle association until now. in a bizarre news conference, the head of the nchl ra said the solution of gun violence in this country is simple, more guns. armed officers in every school. it is the same line we have heard before from the nra. has the country's relationship with guns fundamentally changed since newtown. what we saw last night from house republicans is yet another symptom of a real problem for the gop. they don't believe in compromise. they have lurnlged too far to the right. president obama tapped kerry to be the next secretary of state. let me finish with the great new movie about g
CBS
Dec 23, 2012 7:30am PST
. obama is going to cut spending. if we don't raise taxes, you get your way. >> and i think mayor brown is absolutely right. those are positions that they take relative to their constituents. it's all about getting compromised. it's all about what it is that we can still be able to walk up and say, i've got something for you. >> let me tell you, you can solve the problems they are facing by what we call the trigger. that is that if in the first quarter x number of dollars to come in, cuts go. quickly. however, if x number of dollars to come in, taxes go differently. so you can clearly have trigger devices. >> absolutely. >> it's still a few hours. >> they cannot make everybody were in the meantime. if you are worried about getting around this weekend, you are going to have some issues. >> their drive for the first cap. kind of watching the next few days. we talk about conditions at sfo in a minute. the rain is really coming down. we can see at all lit up with our high-tech doppler tracking the current rain conditions over san francisco. we will zoom on up toward the north bay. that's wh
CSPAN
Dec 23, 2012 2:45pm EST
to something that starts with a 2. president obama says 28, mitt romney says 25. if lowering marginal tax rates is good for corporations because of the incentive effect, aren't they good for individuals because of the incentive effect? because there's a commonality on the corporate rate, we might see something happen in 2013 regardless of who's elected. that's a wedge to start having a discussion on tax reform in general. and you mentioned the $1.5 trillion sort of deficit each year. for those new york times columnists who think that the stimulus bill we put forward wasn't big enough, $1.5 trillion extra spending a year, isn't that stimulus right there? how has that worked for us? >> you know, in any discussion about economic you quickly get to a chart, and we didn't treat any of you to a wonderful chart tonight. but i will mention one in answering this political will question. we had, you know, we had robert lucas do a chapter, and he had a very fascinating chart. he put on a line that says, you know, here's average gdp growth in the united states, and you could run this line back almost 100 y
CSPAN
Dec 23, 2012 12:35am EST
obama and signals conservative republicans are unwilling to stomach any rise in tax rates even on those making more than $1 million which was mr. boehner's plan. so walk us through what happened on friday. how did we get there? and it seems like the speaker of the house didn't see this coming, and a lot of folks in washington want to know why not? guest: we begin the week with the speaker of the house saying negotiations between he and president obama had stalled. they were stuck on their -- i guess i would say maybe not their final offers but current offers. boehner said he would raise taxes on those making a million a year or more and get all told $1 trillion in tax increases which he wanted to be matched with $1 trillion in spending cuts and the rate increases on those making $1 million or more and remove loopholes and deductions to get the rest in revenue and then you had your spending cuts. the president, sort of depends on how you do your math and counting, but the president -- by scoreible math the president would have been at $1.3 trillion in tax increases and $900 billion in sp
FOX News
Dec 22, 2012 8:00pm PST
in a tight spot and the concern that the republicans have is that obama's panel strength and as we go over the cliff and tax rates go up. but i really think the buck stops with the president here. when you go into the negotiating sessions, paul and you're expected to make concessions, but you're expect today get something in return and boehner made a major concession on rights and the president is giving him nothing in return to take that to his caucus and say, this is what happened in the horse trading. it's all or nothing, obama seems determined to humiliate the opposition. >> paul: boehner made two concessions, first 800 billion on the table in revenue and don't raise rates when the president said no he, you've got to raise rates. he said okay, a concession on rates, an offer first we'll vote for a million dollar tax increase on those making more than a million dollars, but give me something in return. then, those negotiations went nowhere, so then john boehner went to plan b. and i mean, i think you sense at least when i talk to boehner's people the enormous frustration with the presid
FOX News
Dec 23, 2012 3:00am PST
to their guns and not be a tax increase and party and time for president obama to compromise, lest we forget, elected to give them control of the house of representatives which is to say we want you to hold the line on taxes. >> alisyn: what is the next move? you've studied this. what do you predict in the next week? which side is going to do something and what? >> my prediction would be that basically, both sides essentially stand down and say, okay, let's extend this until 2013. let's maintain the status quo and then let's get back after the new year and negotiate this then, but it's important the republicans not give in now. they don't-- that's not fair to the voters who put them back in to basically protect the economy and if you want to hurt the economy, the quickest way to do it is to raise taxes on the most productive. >> alisyn: john, you're the editor of real clear markets.com. we'll see what happens if your prediction comes true, sounds like a good one. >> fingers crossed. >> alisyn: startling new numbers show that teenagers don't think that marijuana is dangerous. our next guest s
FOX News
Dec 23, 2012 1:00pm PST
pay higher taxes. >> gregg: steve, thanks. >> heather: gregg, president obama is taking a break from the stress of fiscal cliff negotiations spending the holiday in hawaii. there is also a somber moment on his schedule. president and first lady attending a memorial service for daniel i inouye. >> he is leaving the fiscal cliff worries back home. we are told between christmas and new year's he'll be heading back to congressional leaders. you noted the somber moment today that the president and first lady right now as we speak are at punch bowl, national military cemetery on the island where the senator will be buried. harry reid has been making a speech moments ago and telling a where senator bob dole like senator inouye, they recuperated in michigan and later served in the senate together, bob dole walked up to the casket and lifted his left hand, his right hand was badly damage and saluted. a poignant moment. president obama at the washington cathedral, it was his really earliest political inspiration. both the president and senate majority leader reflecting on daniel inouye both a
FOX Business
Dec 23, 2012 8:00am EST
obama on the left and government wants to raise taxes to feed that trough. >> brenda: i scored higher than you, i went on and i had more than 50 that i could do. >> 50? >> and susan, you say this is more efficient for government? >> it can be. it counts counter intuitive, what happens in government you create a program, you see whether it works or doesn't work, who is coming to it and if it's not working you create a new program you don't actually kill the old one, we wind up, gary b, you're finding 60 different programs seems like they're doing the same thing. if we have a tool that actually helps us identify the right people to benefit for the programs that we create and the ones that aren't getting, we kill them, we'll get the bureaucracy-- >> and all right. >> you don't believe me, but i tell you, it's true. >> brenda: is this what this online tutorial is all about it or more on the government dole? >> this is about big government what the website is about. a better example the government is not serious about reducing run away website. the good news i qualify for 50 different prog
KRON
Dec 22, 2012 8:00pm PST
tax withholding tables for 2013. >> president barack obama and first lady michelle obama are wishing americans a merry christmas and happy holidays from hawaii. the obamas departed for their vacation last night and arrived there this morning. the president says the nation should give thanks for veterans and their families and asks americans to "say a prayer for all our troops" - including those spending the holiday in afghanistan >> authorities are saying that prosecutors are deciding whether to p charges over the royal prank phone call that caused a nurse to take her life. this after two australian djs impersonating queen elizabeth and her son. called the hospital that kate middleton was staying in. the two fooled nurse the nurse. jacintha saldanha. who transferred the call to middleton's room. saldanha's body was found hanging in her room three days later. >> preliminary results released by egypt's muslim brotherhood show that the disputed constitution has received a "yes" majority of more than 70 percent in the second and final round of voting. the results, posted on the brotherho
CBS
Dec 22, 2012 11:00pm EST
over that cliff. that means taxes for 90% of us will be going up in days unless an agreement is reached. president barack obama is now in hawaii for christmas with his family. yesterday he urged the congress to adopt a stopgap measure to prevent taxes from rising on income under $250,000 a year and keep benefits flowing to unemployed folks. house speaker john boehner, he's home in cincinnati tonight. he failed to get members of his own party to support his plan b proposal for ending the crisis. today boehner was back on the attack, blaming democrats for the stalemate by refusing to include entitlements in the networkses. >> what the president has offered won't do anything to help our spending problem and address the crippling debt. he wants more spending and tax hikes that will hurt our economy, and he refuses to challenge the members of his party to deal honestly with thentitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the president said since the deal had not been reached he would be returning sometime after christmas. >>> workers won
FOX News
Dec 23, 2012 8:00am PST
victory at the bottom of the cliff. he gets all of this additional tax revenue for new programs and he gets to cut the military which democrats have been calling for for years and he gets to blame republicans for it. >> president obama for his part said he is optimistic a deal can still be reached. he spoke at the white house friday before leaving for hawaii where he is now. but at the same time the president acknowledging there might not be time for any kind of a grand bargain. he scaled back his goals and pushing not for the big deal, but for middle class tax cut and extended benefits. a larger deal wouldn't be that hard to reach. >> what we ought to do is take speaker boehner's last offer, the president's last offer and split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion that will be done. that would be close to the $4 trillion needed to stabilize the debt and to begin to bring it down. >> and if no action is taken by the end of the year taxes go up for everybody. back to you, eric. >> we have to see. the clock is ticking. >> t
NBC
Dec 23, 2012 11:00am EST
, and upheld obama care. next, those republicans in congress who broke publicly with grover norquist to support the idea of higher tax rates on the healthy, or, bobby and wallace edwards, parents of john edwards, who trooped behind him every day to that north carolina courthouse to stand with their son. or, was it this -- >> one nation, under god, indivisible, liberty and justice for all! [cheers and applause] chris: gabby giffords who survived an assassination attempt. sam? >> gabby giffords, when she did that, my heart sank. this brave woman coming back from -- she should have been dead. how did she survive? chris: she decided not to run for re-election and she knew she wasn't up for it. >> she made the right decision. chris: what about backbone? >> a republican hasn't voted for a tax increase in congress since 1990 and in the last couple of weeks republicans have talked about and said they're for tax rate increases. that is is a huge sea change in that party, the beginning of wisdom on physical sanity. >> gabby giffords, she did it with a smile. that took a lot of guts to get in front of tha
CNN
Dec 23, 2012 6:00am PST
the cliff, they come back and then have to agree to extend the tax rate for everybody below some number. >> that debt deal turns out to be brilliant or something. >> what matter is the simpson boles commission which president obama didn't want to appoint and pay attention to, that's front and center. the blueprint for how we move on. these two guys took on a task that was a fool's errands we thought, what happens to the commissions, nothing. we go back to them. >> let's talk about the die nam in this case between senator reid and mcconnell. can they come up with something up with something that the senate would pass and also something the house would pass? >> they have to try by new year's eve here. >> three days, four days. >> interesting that senator reid said he would like neal abercrombie to appoint the replacement for daniel anyway. reid thinks he'll need that vote. they'll probably move it, but we have a senate sort of chapter here before new year's eve and then it goes back. i'm not optimistic about either. i think it has gotten harder on both scores. >> the vast majority of repu
MSNBC
Dec 23, 2012 9:00am PST
budgets and can't get one vote for any of them. boehner will be tip o'neill, obama needs to be reagan. i would vote for revenues including tax rate hikes, even though i don't like them, to stave country from becoming greece. >> today, despite the president being in hawaii, the fiscal cliff is still on the agenda. kristen welker is with the president in honolulu. good day to you, kristen. what are you hearing there? >> reporter: alex, good morning to you. white house officials say this is very much a working vacation, no word if president obama has actually spoke on the congressional leaders at this point. i can tell you that conversations are going on at the staff level. but the reality is that the hard work, the final touches probably won't be put on these bills or this bill, rather, that they're hoping to get until lawmakers, the president, return to washington. and of course that won't happen until after the christmas holiday. this has a lot of people worried, alex, because as you say there's not a lot of time left to get a deal done. president obama, house speaker john boehner, were
CNN
Dec 23, 2012 1:00pm PST
boehner pushed for tax hikes for those making $1 million or more. president obama is drawing the line at incomes of $400,000 or hire. >> you can afford to pay a little bit more. you know, you're not -- you're not too strapped. >> reporter: earl mack falls well within the rang of wealthy as a multimillionaire. he agrees millionaire earners should see taxes rise. >> we are, this country, is in a lot of fiscal trouble. and i think it's the obligation of all those that can give and help out the country. we're americans and we should. and it's our -- it's aour heritage. >> reporter: mack, who is a former ambassador to finland says the rich could chip in other areas. he made his fortune in real estate development and investment. he says leave the capital gains tax alone because that encourages business development. but he says the dividends tax rate should be raised back to 25%. he says congress should close tax loopholes on luxury items for jets and yachts. founders stock, he says, should be taxed at ordinary income tax rates and he says it's time to touch entitlements. he believes there s
PBS
Dec 23, 2012 12:30pm PST
to go over the cliff. the main objective obama had was not a fiscal one, it was political, to follow the victory in november by creating a civil war among republicans over the tax issue, whichs extly at happed. he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it. that is not a figure of the party that will be extremely hard to reconcile. if you can not, how you get a deal done before january 1? >> that is essentially t problethe president faced th boehner two years ago. last year. can he deliver? how can you negotiate with someone who cannot deliver on his side? >> you go to people for support, at least three of whom have lost their committee assignments. how can you expect them to come over to your way of thinking? >> they were crowing when john boehner went down, taking some delight, but that was pre- cleared by the leadership. the leadership was with him. this is not a ques
FOX
Dec 22, 2012 10:00pm EST
is the fiscal cliff. president obama addressed the nation saying that he met republicans halfway and still no deal was reached meaning the future for tax cuts is still uncertain. >> reporter: d.c. may be shutting down for christmas but the clock last not stopped running on the fiscal cliff which is closer than ever. no deal was reached this week to keep taxes from going up on everyone. john boehner says he is hopeful that a deal could be reached but in a speech, he continues to hammer away at president obama. >> this was year the size of the debt, all $16 trillion of it surpassed the size of our entire economy. it's a grim milestone, one of many that we'll have to bear if we don't come to grips. the president's solution of raising tax rates would still leave red ink as far as the eye can see. >> the president landed in hawaii for a shorter than usual christmas break. he will return to washington after christmas to walk on the fiscal cliff. he is acknowledging the political reality by pushing a scaled back plan for a tax on the middle class. >> even though democrats and republicans are argu
FOX
Dec 22, 2012 10:00pm EST
leaders friday afternoon, president obama called on congress to quiccly come up wiih a solution to avert somee end-of-year tax hikes associated with tte fiscal -3 cliff. in the next few days i've asked leaders of congress & po work towards a package that -3 prevents a tax hike on iddle class amerrcans, protects million americans and lays the groundwork for further work onn both and deficct reduction. tte remarks came after house ppeakerrjohn boehner failed to -3 pustee enoughhof his party's -&psupport to bring his "plannb" to the floor. is prooosal woold have effectively aisedd taxes only on hose americans making more thannone million & dollars a year. we had a number of our memmees who juss really didn't want to be taxes. the two ides ach left the capitollfor the christmassholidayy, bbaminn the ooher ffr inaction.. democrrts said thursday's faiiure in he house pointed to a need for more compromise by the g-o-p. house message loud and cleaa that a comprreensive solution to the looming fiscal clifffwiil need to bb a bipartisan solution. se
CBS
Dec 22, 2012 6:00pm PST
substantial snowfall. >> axelrod: jeff, thank you so much. it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays. and today, president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season, sales numbers have not been as strong as many had hoped to see. here's michelle miller. >> reporter: kidding around is a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5%, but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shoppertrak, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to
FOX
Dec 23, 2012 8:00am EST
, the president and lawmakers have left dc for the holiday break without a deal in place. president obama maintains he he's met republicans halfway in negotiations, but that's still not good enough for republicans, which means the future for tax cuts is still uncertain. here's the latest. >> reporter: dc may be shutting down for christmas, but the clock hasn't stopped running and the fiscal cliff is closer than ever. no deal was reached this week to keep taxes from going up for everyone at the end of the year. house speaker john boehner says he's hopeful a deal can be reached, but in his weekly address, he continued hammering away at president obama. >> this was the year the size of our debt, all $16 trillion of it, surpassed the size of our entire economy. it's a grim milestone, one of many we'll have to bear if we don't come to grips with it. the president's solution of raising tax rates would still leave red ink for as far as the i can see. >> reporter: president obama landed in ha for the christmas break. on friday, the president said he believes it's still possible to avoid the fisca
CSPAN
Dec 23, 2012 3:33pm EST
. it is important. president obama has tried togone from what he was elected on, increasing taxes for fairness, a $400,000. that was not enough. this proposal goes to $1 million. $400,000 is plenty comfortable. president has gone a long way. there is a lot of revenue being the fact is lost between $400,000.10 dollars million. we need that revenue to rectify the wrongs. this bill has cut funding. the national institutes of health. our physical cliff. i want to talk to you about how this fiscal cliff affects the physical cliff. it comes up with research dollars to allow for our live to be extended. and bettered. at duke university, there is a great lung transplant program. headed by dr. robert davis. they need the money to perfect the lung transplant program that is the best in the country. it is only a 50% chance that a person will live eight years with a lung transplant. and they do not know why, and they need to find out, and it is national institutes of health funds that will help them find out. in my home town, there is a hospital. one of the finest liver transplant doctors in the country.
ABC
Dec 23, 2012 9:00am EST
over the cliff. the main objective that obama had was not a fiscacal 1 but political, to fofoow the victory in november byreating cil war among republicans to their brand? to watch that scene last over the tax issue, which is exactly what happened. he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which she did openly and said he was ready to do it. then conservatives said they would not do it. that is now a fracture in the party that will be extremely hard to reconcile. if you can not, how did yoget a deal done before january 1? i am not sure they can be do that is essentiay the proem the president faced with boehner twtwo years ago, last year. can he deliver? how can you n negotiate with someone who cannot deliver his side? >> you go to people for support at least three owhom have lost their committee assignments. how can you expect them to come into your way of thinking? >> and they wer growing when john boehnhner went down, taking some delight, but that was cle
CNN
Dec 23, 2012 9:00am PST
, president obama gave up too much in his final offer when he went up to $400,000 on the taxes. both sides, this is -- we've had decades of polarization and you are seeing on the debt ceiling and this, it is hard to find the bridges between the parties that are representing very different americas and different coalitions. >> they're also sort of looking at the possibility of going back to the minority, and a couple years the minority tends to cure the purists after a while. >> you would hope. one thing that did not happen this week, the democrats could not come to conclusion what cuts in spending they would like to make. they made some offers. pulled them back almost within 24 hours. that party is as hard over on spending as the republicans are on taxes. >> we haven't actually seen, we have watched and they're both arguing the other's issue. you know -- >> we kept thinking couple weeks ago, we said, just not time yet. they never do anything. we're now at the time. >> past time. >> and it does not feel like anybody is moving toward a deal. # >> it feels like we're in a different era and in
CSPAN
Dec 22, 2012 11:00pm EST
? what obama said to you when he shook her hand and what about that spoon that fell onto your jacket? today we pick up the cell and call someone and we have lost the more we tax someone and we don't describe the ambience, the music. we will say a obama obama cool or senator so-and-so. 200 years ago bibas it down and composed several lengthy letters that provided the nuance, the context. we know what the weather was uncertain days during george's life because he took notice of the weather. we know how many hoc said head of cattle he slaughtered on a particular day. he bortell down. today we are losing all that and the internet provides a great way for all of us to do our research. the internet provides a way of connecting people but also with all the new technology we could be losing a lot so historians and another 100 years are going to have a rough time. today we seem to be extra cognizant of the impact of the damning letter. i think historically to some extent also, one thing george washington did later in life as he tried to collect, and revise or added some of his earlier letters
MSNBC
Dec 23, 2012 11:00am PST
'neill. obama needs to be ronald reagan. would i vote for revenues, including tax rate hikes, even though i don't like them to save the country from becoming greece but i'm not going to set aside the 1.2 trillion in cuts. any hope of going over the fiscal cliff must start in the senate. not one democrat would support the idea that we could protect 99% of americans from a tax increase. boehner's plan b i thought made as soon as. to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a good day. i like simpson-bowles. the president is going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the public from a tax hike that, is not a tax increase in my book. chuck, maybe you and me and some other people in the senate can find a way to find this on the short term but on the long term there's not going to be a deal >> you think we're going to go over the cliff? >> i think we're going to fall out of the fiscal tree. the big chance at the big deal is at the debt ceiling. that's when we'll have leverage to turn the country around, preven
CNN
Dec 23, 2012 8:00am PST
of how the talks collapsed. one point president obama reminded john boehner of the election results saying, you're asking me to accept mitt romney's tax plan. why would i do that? the general piece is packed with revealing details. boehner's backup bill dubbed plan b may have failed spectacularly on thursday night, never got to a vote, but t"the daily beast" had its own failure, reported that plan had passed plan b before correcting the error 15 minutes later. hillary clinton did not testify this week the a congressional hearings on the benghazi attack because she's recovering from a concussion suffered after she had fainted. some fox news commentators practically demanded she get a note from her doctor. >> she's suffering from acute benghazi allergy which causes lightheadedness when she hears the word benghazi or is being asked about it. >> how could she get a concussion when she's been ducking everything. this is what i don't understand. makes no sense to me. >> hillary clinton, i guess she passed out somewhere. is she unconscious somewhere? >> bill -- >> she can't testify. >> rea
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